How to Purchase Bitcoin (BTC) Using Lends (LENDS) in China
To buy Bitcoin using Lends, first, find a cryptocurrency exchange that supports the BTC/LENDS trading pair. Create an account, complete the KYC process to verify your identity, and deposit your LENDS into your exchange wallet. Locate the BTC/LENDS pair on the trading platform and place an order to exchange your Lends for Bitcoin. If the BTC/LENDS pair is unavailable, you can first exchange Lends for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.
How to Exchange Bitcoin (BTC) for Lends (LENDS) in the Chinese Market
To sell Bitcoin for Lends, first, find a cryptocurrency exchange that supports the BTC/LENDS trading pair. Create an account, complete the identity verification process, and deposit your BTC into your exchange wallet. Locate the BTC/LENDS pair on the trading platform and place a sell order to exchange your Bitcoin for Lends. If the BTC/LENDS pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Lends. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.
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